Real values on our PT cars....

[clill]

"But seriously.. cars ARE NOT INVESTMENTS.. they are hobbies and people need to realize that it's rare to get the money back out."
Unless you are talking stock musclecars. I have found them to be great investments. If I had only held on to all of them. A example is my old 69 L78 Camaro convert. I bought it for 15K, did a semi resto as in pulled the subframe and redid it. Drove it for years, sold it for I think 35K. Trying to do a trade to get it back but now the price is 250K..Tell me they aren't investments.

I do agree that our pro-touring cars for the most part are not good investments...but then...I think I paid around 45K when I bought the Red Witch, enjoyed it for close to 10 years, spent a bunch redoing it and then sold it for 115K. If I had not redone the car I know I would have made good money on that car. The Red Witch was not a trendy-latest gimmick car though. It still looked like a Camaro and a nice Camaro will never look out of style. It is the cars that had a ton spent on the latest fad that gets hurt the most. Not only did it cost a ton to do the latest trend, it will be out of style and those very trendy pieces will go in the deduct column when it comes time to value the car.
The Mule is probably another example of not going overboard with the latest trend. About the only billet on it is the taillights my son made for Marquez. I put them on to help my son but I know Stielow cringed. It is almost 10 years old and is probably one of the easiest cars I can sell as I still get asked about selling it. I can probably get my money out of it and I spent a bunch doing the twin turbo setup.

[SLO_Z28]

You'll never get out of it what you have into it. You have to build a car to suit your tastes. I know that I could rebuild my same car in under 6 months for under 10 grand so I have no problems taking it out to all the events I can, and beating the hell out of it. I know that I will never sell my car ever and thats good enough for me. You can ASK whatever you want for a car, getting it is another story...

[Vegas69]

I knew Penny had a sex change.

[Flash68]

Originally Posted by Steve1968LS2

If I have a $5000 Rolex watch and the best offer I can get to sell it is $100 then guess what.. it's a $100 Rolex watch.

You are right in your general analog, but using a $5k Rolex watch, or any other expensive good watch, is not a good example. They usually hold and often increase in value. Actually, a quality watch is a good example of a discretionary consumer item that can be a very good investment.

Ok, now back to overpriced PT cars.

[Steve1968LS2]

Originally Posted by Flash68

You are right in your general analog, but using a $5k Rolex watch, or any other expensive good watch, is not a good example. They usually hold and often increase in value. Actually, a quality watch is a good example of a discretionary consumer item that can be a very good investment.

Ok, now back to overpriced PT cars.

Yea, but the principal that anything is only worth what someone is willing pay is one of the great life truths.

[Steve1968LS2]

Originally Posted by Vegas69

I knew Penny had a sex change.

What's funny is that when you look at those pictures the car looks almost the same from the outside.. flatter hood, but pretty much identical.

But every part has been changed except the cage, steering column, rearview mirrow and a couple of other widgets.. what was I thinking?

The big block sounded killer.. I think it got 4mpg.. seriously..

[dwilson]

these are all great comments! how about one of the well off people with multiple PT cars help the little guy out in getting into one! i have a 06 gto to trade! its my baby!


PLEASE!

[Al Moreno]

Originally Posted by dwilson

these are all great comments! how about one of the well off people with multiple PT cars help the little guy out in getting into one! i have a 06 gto to trade! its my baby!


PLEASE!

That sound like a comment Obama would make Share the wealth It's your duty as an American

[brownz]

Originally Posted by Al Moreno

That sound like a comment Obama would make Share the wealth It's your duty as an American

sooo true!!!

[andrewb70]

Originally Posted by Streetking

......you build/buy what you want in your budget and enjoy the hell out of it!

More true words have never been spoken. People get all wound up about resale and building THE perfect car, etc....I built my GTO almost 10 years ago. It is the very first car I have ever owned and unless something drastic happens I don't plan on selling it. Since it was done I have done track days, auto-crosses, dozens of trips to the drag strip, and two 4000 mile road trips. I have swapped engines, brakes, suspension components, and tackled numerous technical challenges. The point is that I've been having FUN with my car.

I've also built a couple of dirt bag RX7s with LS swaps which were awesome cars. I could drive them anywhere, run circles around Corvettes and even stock Vipers, and park them anywhere without fear of getting door dings. Those projects were loads of fun!

I don't have deep pockets to commission builds by DSE or Mark Stielow, but I love seeing them come to life, because they push the envelope and set the bar ever higher, which is good for the hobby overall.



Andrew